The Venezuelan government reiterates the nationwide ban on crypto mining to address the energy crisis.
ChainCatcher news, according to a report by Bitcoin.com, the Venezuelan government has reiterated the nationwide ban on cryptocurrency mining in order to address the current energy crisis.
The country's national power system peak demand has reached 15,579 megawatts, hitting a nine-year high, with officials attributing this surge to ongoing heatwaves and national economic growth. The statement emphasized that “digital mining is absolutely prohibited nationwide,” and violators will face legal sanctions. Authorities have established a monitoring plan to enforce this ban.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big iron ore miners deplete reserves faster than they replace
The Federal Reserve signals continued interest rate hikes; the U.S. dollar posts its largest single-week gain in over three months.
After the Federal Reserve signaled continued interest rate hikes in the future, the US dollar strengthened significantly this week, marking its largest single-week gain in more than three months.
South Korean Won: Foreign equity flows keep KRW heavy against US Dollar – OCBC
Crypto prices
More
